1001 N Harbor Blvd - Apartments FOR SALE


La Habra, CA 90631- La Habra City
$23,000,000 USD
949-270-3693
1001 N Harbor Blvd, La Habra, CA for Sale
$23,000,000 USD
Apartments - FOR SALE
1/56
null | 4.3% Cap Rate

1001 N Harbor Blvd
La Habra, CA 90631
La Habra City


HIGHLIGHTS

  • Below-Market Interest Assumable Financing
  • Desirable North Orange County Location
  • Strong In-Place Cash Flow
  • Recent Roof Replacement on Majority of Buildings
  • Rental Lift to Market
  • One of the Most Constant and Stable Rental Markets in Orange County

OVERVIEW

DRIVE BY ONLY, PLEASE DO NOT WALK THE PROPERTY WITHOUT APPROVAL. Assumable 2.73% financing, 6 years interest only. North Pointe Villas is a well-maintained, garden style apartment community located at 1001 North Harbor Boulevard in the heart of La Habra, California. Originally built in 1969, the property features 60 spacious apartment homes spread across approximately 2.53 acres of landscaped grounds. With a total of 54,664 square feet, the community offers a thoughtfully balanced unit mix designed to meet a variety of lifestyle needs. The property includes (26) one-bedroom, one-bath units; (33) two-bedroom, one-and-a half bath units; and(1) three-bedroom, one-and-three-quarter bath unit. This offering presents the rare opportunity to acquire a well maintained multifamily asset in one of Orange County’s most stable and resilient rental markets. North Pointe Villas benefits from immediate rental upside potential, with current in-place rents positioned below market levels—allowing for increased income through strategic rent adjustments. Additionally, the property offers the advantage of assumable below-market rate financing, providing strong in-place cash flow and attractive leverage, enhancing both near-term returns and long-term investment performance.

FOR SALE DETAILS

PRICE

$23,000,000 USD

PRICE/SF

$419 USD /SF

# OF UNITS

60

PRICE/UNIT

$383,333

CAP RATE

4.3%

% LEASED

95%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

North Pointe Villas

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1969

PARKING SPACES

-

LAND DETAILS

LAND ACRES

2.6 AC

LAND SF

113,256 SF

ZONING

R-3

APN/PARCEL ID

017-371-26

ASK ABOUT THIS PROPERTY

Matt HauserNorthmarqMore Info
949-270-3693

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Matt HauserNorthmarqMore Info
949-270-3693

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.